LCM is a business management approach that can be used by all types of business (and other organizations) in order to improve their sustainability performance. A method that can be used equally by both large and small firms, its purpose is to ensure more sustainable value chain management. LCM can be used to target, organize, analyze and manage product-related information and activities (Remmen et al,. 2007) towards continuous improvement along the product life cycle.
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LCM is about making life cycle thinking and product sustainability operational for businesses that are aiming for continuous improvement. These are businesses that are striving towards reducing their footprints and minimizing their environmental and socio-economic burdens while maximizing economic and social values.
Life Cycle Management is connecting various operational concepts and tools.
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TheLife Cycle Management Navigatoris a capacity building guide and decision support tool specifically designed for corporate decision-makers in small and medium sized enterprises (SMEs) worldwide. It aims to assist them to manage the growing demand and expectations in the field of Life Cycle Management. Using the Navigator helps to gain an understanding of the appropriate selection, adoption and usage of today’s most important Life Cycle Management tools.
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